Canaan Partners Posts

NatureBox is a startup that delivers healthy snacks directly to consumers. The company has raised $18 million in funding led by Canaan Partners. General Catalyst and Softbank Capital also participated in this round.

UrbanSitter has received $15 million in Series B funding led by DBL Investors and participation from Match Group, Aspect Ventures, Canaan Partners, First Round Capital, Menlo Ventures and Rustic Canyon Partners. The funding will be used for marketing and product development.

UrbanSitter is a startup that uses Facebook to connect babysitters with parents that need help. UrbanSitter has received $15 million in funding led by DBL Investors with participation from Match Group, Aspect Ventures, Canaan Partners, First Round Capital, Menlo Ventures, and Rustic Canyon Partners.
[Source: Recode.net]

itBit is a Bitcoin exchange that has raised $3.25 million in a funding round that was co-led by Canaan Partners and RRE Ventures with participation from Liberty City Ventures. Angel investors Jay W. Jordan II and Ben Davenport also participated in this round. itBit offers high levels of security and compliance to Bitcoin exchanges. itBit has raised a total of $5.5 million.

SOASTA is a company that does cloud testing using web and mobile test automation and monitoring solutions. The company’s core products are called CloudTest, TouchTest, and mPulse. SOASTA powers the cloud testing solutions for many large companies like Avaya, American Girl, Bonobos, Backcountry.com, Chegg, Experian, Gilt Groupe, Hallmark, Intuit, Microsoft, and Netflix.Continue reading →

Instacart is a company that offers grocery delivery services from multiple local stores within an hour. Instacart has raised $8.5 million in Series A funding led by Sequoia Capital. Other investors that participated in this round include Khosla Ventures, Canaan Partners, SV Angel, and Paul Buchheit (Gmail creator). Sequoia Capital chairman Michael Moritz has joined Instacart’s board of directors.

WibiData is an enterprise data management startup that has raised $15 million. Canaan Partners led this round of funding. Existing investors New Enterprise Associates and Google Chairman Eric Schmidt also participated in this round.